Direct materials purchases budget Anticipated sales for Safety Grip Company were 70,000 passenger car tires and 21,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: The purchase prices of rubber and steel are $3,50 and $4,60 per pound, respectively. The desired end ing inventeries of rubber and steel belts are 66,000 and 14,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 77,000 and 11,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the vear ended December 31,20y9